Note: Our nightly “S&P 500 Outlook,Forecast, and Trading plan for Thu, 07/19” will be posted Wed, 07/18 night – please check back around 10:30pm/11pm EDT. THE GIST (“THE WHAT”) Better-than-expected earnings results drove the S&P 500 index to the levels last seen in January. Opening lower ahead of the Federal Reserve Chairman Jerome Powell’s second (more…)
Current Positions and Biases of our S&P 500 Index Trading Models: Based on the Trading plans published last night (click here to read the full Forecast), our models are currently long (bought) and have trailing stops placed. As of the writing of this (@2:45pm EDT), the index posted a session low of 2805.89 and a session high (more…)
Market Reaching an Imminent Inflection Point? Monday night, we published this S&P 500 Index forecast for Tuesday: “For Tuesday, 07/17, the models point to a continuation of the bull consolidation, within the broad 2775-2810 band.” (click here to read this report/verify this claim) – and, the market today closed at 2809.55, just about 0.5 below (more…)
Note: Our nightly “S&P 500 Outlook,Forecast, and Trading plan for Wed, 07/18” will be posted Tue, 07/17 night – please check back around 10:30pm/11pm EDT. THE GIST (“THE WHAT”) The S&P 500 index opened significantly lower weighed down by disappointing subscriber growth reported by Netflix Inc. post Monday’s session close. The index rebounded as investors (more…)
Current Positions and Biases of our S&P 500 Index Trading Models: Based on the Trading plans published last night (click here to read the full Forecast), our models are monitoring the market action around the 2810 level (medium-term models), and the 2785-2795 band (intraday, aggressive, short-term models). Currently, both term models are in long positions (bought). (more…)
Can the Bears Mount an Attack on The Rather Tired Bull? On Friday 07/06/18, the S&P 500 Index broke out of the 2735-45 range that we referred to in the forecasts all that week long, and triggered long (bought) positions by both our Medium-term and Intraday/Aggressive models, as alerted to in our Intraday Alert published (more…)
Note: Our nightly “S&P 500 Outlook,Forecast, and Trading plan for Tue, 07/17” will be posted Mon, 07/16 night – please check back around 10:30pm/11pm EDT. S&P 500 TODAY – MON 07/16 THE GIST (“THE WHAT”) The S&P 500 index opened flat as a slump in Energy stocks offsetting gains in Financials sector. A sharp fall (more…)
Current Positions and Biases of our Models: Based on the Trading plans published last night (click here to read the full Forecast), our models – both the medium-term and the intraday/agressive/short-term models – have exited the profitable long positions (at 2798.50 and 2798 resepectively) and are currently flat (no positions). The models are monitoring the (more…)
Bulls Marked Their Territory Last Week! And, Our Models Proved Their Worth, AGAIN! On Friday 07/06/18, the S&P 500 Index broke out of the 2735-45 range that we referred to in the forecasts all that week long, and triggered long (bought) positions by both our Medium-term and Intraday/Aggressive models, as alerted to in our Intraday (more…)
Note: Our nightly “S&P 500 Outlook,Forecast, and Trading plan for Mon, 07/16” will be posted Sunday, 07/15 evening – please check back later S&P 500 TODAY – FRI 07/13 THE GIST (“THE WHAT”) The S&P 500 index opened Friday’s session on a weaker note following mixed earnings results by big banks before the open. Bouncing (more…)
